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Enrique already knows that he will have $500,000 when he retires. If he sets up a payout annuity for 22 years in an account paying

Enrique already knows that he will have $500,000 when he retires. If he sets up a payout annuity for 22 years in an account paying 3.25% interest, how much could the annuity provide each month? Round your answer to the nearest dollar

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